13.01.2012 - Kenya: Is a property bubble imminent?
Economist Walter Bagehot defined the process of a financial crisis as "quiescence, improvement, confidence, prosperity, excitement, overtrading, convulsion, pressure, stagnation, ending again in quiescence". This would aptly describe Kenya's property sector and what is likely to happen unless urgent measures are taken to forestall a likely bubble. The property market has grown considerably in the last decade. Property consultants, Knight Frank's 2011 Africa Property Report reported robust activity in all market segments, with many projects already completed...............................................Full Article: Source
Print